no future congress will be constrained by any future ones. you will never get any spending cuts. the republican party is built on the against tax increases on the idea we have basically a spending problem, no at revenue problem will be on record having voted for tax increases in return for nothing. it is really a bad deal. ashley: what we're hearing on the framework, the limits on the tax rate increases for 400,000 for an individual. 450,000 for a couple. if that's the case what kind of impact will it have on the economy, do you think? >> it's, you know, it is going to have a fairly substantial one. what we have to remember, we are relying in this economy on the vital few, the jeff bezoses, steve jobs, fred smiths of fedex. those are top earners people willing to take a risk on a new idea and on a new company that improves our lives and employs this. why would republicans vote for something that takes aim at the most productive? it would not be good for the economy. again it would be a very large tags increase precisely because the top earners pay vast majority of federal revenue